St. Paul, Minn. | April 28, 2022 – Drake Bank welcomes Bill (William) Miller as vice president commercial banker. Miller, a third-generation banker, has over 40 years of banking experience and building relationships, helping businesses grow and meet their goals. Miller is recognized as a Paul Harris Fellow by Rotary International and has received the [...]
May 1, 2022, is Drake Banks’ 20th anniversary. Over the last 20 years, our community has changed and prospered. While many of the faces at the Bank have changed, our core mission and focus of serving the community and small businesses has remained. While we take time to celebrate the Bank’s accomplishments throughout the years, [...]
St. Paul, Minn. | April 25, 2022 – Drake Bank announces 20 years of community banking and building better futures. Drake Bank was chartered on May 1, 2002, being the first new bank chartered in St. Paul for 40 years. Since its inception, Drake Bank has focused on building relationships with the community and small [...]
Financial wellness impacts every facet of your life. Stressed about rent this month? Concerned you’re not setting aside enough for retirement? Lots of life’s daily stressors can be linked to money. Still, by moving through each of the five stages of financial wellness with a curious desire to learn and mature, you’ll have less stress [...]
March is National Credit Education Month, so what better time to brush up on your knowledge? A little mysterious and sometimes confusing, credit represents the ability to borrow money assuming it will get paid back in the future, usually with interest. It's an agreement between a lender (i.e., a bank or merchant) and a borrower [...]
St. Paul, Minn. | March 7, 2022 – Drake Bank welcomes Tom (Thomas) Bobak as director of business development. Bobak is highly experienced with a diverse background, including banking and finance, construction, and recruiting throughout the Midwest markets. In his role at Drake, Bobak is responsible for developing, growing, and retaining commercial relationships, while participating [...]
Thinking that you need a change of scenery? Ready to get your toes in the sand (instead of some snow)? If you have been longing to escape and are thinking about planning your next vacation, here are some quick tips that may help you click ‘book’ and head to warmer (or cooler) climates faster. 1. [...]
St. Paul, Minn. | November 1, 2021 – Twin Cities Business (TCB) Magazine, a leading resource for business news, insight, and inspiration, and Mpls.St.Paul Magazine provides timely, dependable, and interesting information to its readers about the people, places, and events that form the Twin Cities; announced Stephanie Scarrella, senior mortgage lender at Drake Bank (NMLS# [...]
You just paid your rent for the month, your bill payments were due last week, you’re awaiting your next paycheck, and your car stops working – do you have the emergency funds you need for getting back up and running? 55% of households would struggle to “make ends meet” after facing a financial shock, such [...]
St. Paul, Minn. | August 23, 2021 – Drake Bank welcomes Karen A. LaBate as vice president commercial banker. LaBate has over 17 years of experience in commercial banking at community banks throughout Minnesota. LaBate has a passion for building relationships with clients to help meet their business needs and goals while managing risk. In her [...]